This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

Mortgage Hotline - Call Us 0117 313 7780

What is your mortgage for?

 
Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 1.24%
Rate type: Tracker 2 years
Monthly cost: £395.59 per month
Max LTV: 60%
Product fee: £2114.00
Overall cost for comparison: 3.5% APRC
Barclays Bank logo 1.24% Tracker 2 years 3.5% APRC 60% £2114.00 £395.59 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.24%
Rate type: Tracker 2 years
Monthly cost: £391.71 per month
Max LTV: 60%
Product fee: £1159.00
Overall cost for comparison: 4.3% APRC
Platform logo 1.24% Tracker 2 years 4.3% APRC 60% £1159.00 £391.71 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.24%
Rate type: Fixed Jan-2020
Monthly cost: £391.71 per month
Max LTV: 60%
Product fee: £1634.00
Overall cost for comparison: 4.1% APRC
Yorkshire Bank logo 1.24% Fixed Jan-2020 4.1% APRC 60% £1634.00 £391.71 per month get quotes
Initial rate: 1.24%
Rate type: Tracker 2 years
Monthly cost: £391.72 per month
Max LTV: 60%
Product fee: £1061.00
Overall cost for comparison: 4.1% APRC
Skipton BS logo 1.24% Tracker 2 years 4.1% APRC 60% £1061.00 £391.72 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.25%
Rate type: Discount 2 years
Monthly cost: £392.18 per month
Max LTV: 80%
Product fee: £1374.00
Overall cost for comparison: 4.1% APRC
Vernon BS logo 1.25% Discount 2 years 4.1% APRC 80% £1374.00 £392.18 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.28%
Rate type: Discount 2 years
Monthly cost: £397.07 per month
Max LTV: 65%
Product fee: £2365.00
Overall cost for comparison: 4.2% APRC
Beverley BS logo 1.28% Discount 2 years 4.2% APRC 65% £2365.00 £397.07 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.29%
Rate type: Fixed Jan-2020
Monthly cost: £394.04 per month
Max LTV: 60%
Product fee: £1114.00
Overall cost for comparison: 3.4% APRC
Barclays Bank logo 1.29% Fixed Jan-2020 3.4% APRC 60% £1114.00 £394.04 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.29%
Rate type: Fixed Feb-2020
Monthly cost: £394.04 per month
Max LTV: 60%
Product fee: £1259.00
Overall cost for comparison: 4.3% APRC
Santander UK Plc logo 1.29% Fixed Feb-2020 4.3% APRC 60% £1259.00 £394.04 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.29%
Rate type: Fixed Feb-2020
Monthly cost: £394.04 per month
Max LTV: 60%
Product fee: £1259.00
Overall cost for comparison: 4.3% APRC
Santander UK Plc logo 1.29% Fixed Feb-2020 4.3% APRC 60% £1259.00 £394.04 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.29%
Rate type: Fixed Dec-2019
Monthly cost: £394.05 per month
Max LTV: 60%
Product fee: £1061.00
Overall cost for comparison: 4.2% APRC
Skipton BS logo 1.29% Fixed Dec-2019 4.2% APRC 60% £1061.00 £394.05 per month get quotes Call direct0117 313 7780 More details
12345678910...

Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

2 Year Fixed Rate Mortgages

Our Mortgage Service - Why choose us?

Special features of what we offer include:

  • Get the best 2 year fixed mortgage deals in the UK
  • Whole of market service - we work with most UK lenders
  • Access to leading market mortgage rates
  • Access to exclusive loan deals not available on high street
  • Fast turnaround - speak to us today if you need to move quickly
  • We have lenders who will take into account previous defaults and missed payments 
  • Looking to raise additional finance on top of your existing mortgage or buy to let mortgage? - we have access to a range of finance solutions 

2 year fixed rate mortgages

A 2 year fixed rate mortgage has an interest rate that is set at a defined level for a 2 year term. If a 2 year fixed rate mortgage sounds as if it may suit your requirements, there are many competitive mortgage offers available.

Comparing mortgage deals can enhance the likelihood that you will find a policy most suited to your needs, so use the FREE online mortgage calculator to search over 5,000 mortgages based on your personal circumstances. 

Advantages of 2 year fixed rate mortgages

There are several reasons why you might consider choosing a 2 year fixed rate mortgage. These include: 

  • Sense of security - A 2 year fixed-rate gives you peace of mind because you know exactly how much you'll pay for your monthly mortgage repayments. You know that, during the initial 2 year fixed period, your monthly mortgage repayments won't rise, even if the Bank of England Base Rate does.
  • Predictable costs - Your payments won't change over the two year period, and knowing that your repayments are fixed for a 2 year term can be useful when it comes to planning your finances. What’s more, if rates go up, your agreed rate will remain unaffected, potentially saving you money each month compared to people with variable or tracker mortgages. You can be comfortable in the knowledge that repayment will be the same each month
  • Short term commitment - If you are unhappy with a 2 year fixed rate mortgage you can change to different mortgage deal after the fixed rate has elapsed (bear in mind that exit fees or early repayment charges may apply in these circumstances) 

Disadvantages of 2 year fixed rate mortgages

A fixed rate mortgage may not always be the best option for you, depending on your circumstances. Therefore, it’s worth considering the following points before you lock yourself into a fixed rate mortgage deal: 

  • You may miss out on a more competitive interest rate - With a 2 year fixed rate mortgage you need to be mindful that if variable interest rates go down you will not benefit, and when the deal comes to an end, you automatically go onto your lender’s variable rate, which could add a considerable amount to your monthly repayment. With the Base Rate at an historic low at time of writing, this may not be as much of a concern for homebuyers as it has been in the past.
  • Possible penalty charges if you repay early – Most mortgage providers will charge you a penalty - known as an Early Repayment Charge (ERC) - if you want to move to a different mortgage deal before the end of the fixed term. For example, if you take out a fixed rate mortgage, repaying the loan early could involve a percentage of the loan amount being charged as a fee, on top of the amount you owe.

Post Office LogoGet a great 2 year fixed rate mortgage deal from The Post Office - More info... » 

house icon

Call 0117 313 7780 or Request Callback

For a FREE initial conversation about your mortgage options complete our short enquiry form.

request call back

Please confirm your details

Extra information

The optional information below will help us to contact you

More on Fixed Rate Mortgages

A to Z of mortgage lenders